Solve Advisors Syndicated Bank Loan Market Summaries

  

Syndicated Bank Loan Market Summary - Week Ending 7/19/19

Michael Pellerito, July 22, 2019

Solve Advisor's weekly loan newsletter highlights trends in the Syndicated Bank Loan market.

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Solve has aggregated and organized key trends derived from observable loan price data for the period between Friday, July 12th - Friday, July 19th.  In the tables and charts below, you'll find:

  1. Top 10 Loan Price Winners
  2. Top 10 Loan Price Losers
  3. Average Bid Price (By industry sector)
  4. Market Sentiment
  5. Top Quote Volume Movers
  6. Most Quoted Loans
  7. Bid and Offer Volume
  8. Bid Offer Spread (By industry sector)

 

TOP 10 WINNERS
Rank Loan Chg Price Price - 1W
1 CROSSMARK TL 5.41% 35.10 33.29
2 ONE CALL EXT TL B 5.38% 84.51 80.20
3 PROSPECT MEDICAL TL B 5.25% 99.31 94.36
4 DEL MONTE TL 5.17% 76.03 72.29
5 LIGHTSQUARED EXIT PIK 2ND LIEN TL 4.43% 32.37 30.99
6 LINER FOODS TL B 3.25% 95.55 92.54
7 JCREW TL B 2.79% 88.55 86.15
8 AIR METHODS TL 2.49% 84.07 82.03
9 SERTA SIMMONS TL 2.02% 67.09 65.76
10 DOUGLAS HOLDING EUR TL B1 1.86% 85.09 83.54
  • Showcases the top 10 loan "winners" based on the largest bid price increases for the period between 7/12/19 - 7/19/19
TOP 10 LOSERS
Rank Loan Chg Price Price - 1W
ZEP 2ND LIEN TL -19.96% 53.11 66.36
4L TECHNOLOGIES INC. TL B -16.82% 52.00 62.52
FORESIGHT ENERGY TL -8.04% 69.93 76.04
MALLINCKRODT TL B -2.84% 87.14 89.68
SEADRILL PARTNERS LLC EXT TL B -2.70% 66.28 68.11
RIVERBED TL B -2.29% 84.43 86.41
BOYD CORP 2ND LIEN TL -1.99% 89.33 91.15
INFORMATION RESOURCES TL B -1.53% 98.05 99.57
ENDO HEALTH TL B -1.52% 91.98 93.40
10  KCA DEUTAG TL B -1.47% 72.02 73.09
  • Showcases the top 10 loan "losers" based on the largest bid price decreases for the period between 7/12/19 - 7/19/19
 
 Avg Bid PX By Sector
  • Displays the average loan bid price by sector for the period between 7/12/19 - 7/19/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors
  
Market Sentiment - Advancers vs. Decliners
  • Reveals the percent of loans increasing in price (advancers) vs. loans decreasing in price (decliners) for the period between 7/12/19 - 7/19/19
TOP QUOTE VOLUME MOVERS: THIS WEEK vs LAST WEEK
RANK TRANCHE

PRIOR WEEK

THIS WEEK

INCREASE % INCREASE
1 FRONERI EUR TL B 6 51 45 750%
2 AVANTOR TL B 14 42 28 200%
3 US SILICA CO TL B 24 44 20 83%
4 TEKNI-PLEX TL 22 40 18 82%
5 BOYD CORP TL B 4 20 16 400%
6 DUEMMEN ORANGE EUR TL 28 44 16 57%
7 FORTERRA TL 48 64 16 33%
8 MONEYGRAM TL B 4 20 16 400%
9 HD SUPPLY TL B5 24 39 15 63%
10 4L TECHNOLOGIES INC. TL B 23 38 15 65%
  • Exhibits the loans with the largest increase in quote volume for the week ending 7/12/19 vs. the week ending 7/19/19
MOST QUOTED LOANS
RANK TRANCHE DEALERS
1 BRAND ENERGY TL 12
2 FRONERI EUR TL B 12
3 FORESIGHT ENERGY TL 11
4 JC PENNEY TL B 9
5 WEST CORP TL B 9
6 MITCHELL TL B 9
7 LUMILEDS DD TL 9
8 INTERNET BRANDS TL 9
9 JCREW TL B 9
10 CHARTER COMMUNICATIONS TL A 9
  • Ranks the loans that were quoted by the highest number of dealers for the period between 7/12/19 - 7/19/19

 

 Bid and Offer Volume

  • Reveals the total number of quotes by bid and offer for the period between 7/12/19 - 7/19/19

 

 Sector Bid Offer Spread

  • Displays the bid-offer spread by sector between 7/12/19 - 7/19/19
    • Results are based on 5 select industry sectors, however, we offer data across 36 sectors

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If you would like to see additional information, or if you have any feedback or questions, please feel free to reach out to us at info@solveadvisors.com or 646-699-5041.